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Debt and Other Financing Arrangements (Tables)

12 Months Ended

Dec. 31, 2022

The Company’s debt consists of the following:



	December 31,			December 31,
(dollars in millions)	2022			2021
Current portion of long-term debt:
Credit Agreement - Term B-1 Loans	$	5.0		$	5.0
Credit Agreement - Term B-2 Loans		6.5			6.5
7 1/4% Notes due 2023(1)		22.8			—
Paniolo Fiber Assets Financing Arrangement		0.5			0.5
Other financing arrangements		0.3			0.5
Finance lease liabilities		9.9			7.2
Current portion of long-term debt		45.0			19.7
Long-term debt, less current portion:
Receivables Facility		186.9			153.6
Credit Agreement - Revolving Credit Facility		223.0			—
Credit Agreement - Term B-1 Loans		490.0			495.0
Credit Agreement - Term B-2 Loans		637.0			643.5
7 1/4% Notes due 2023(1)		—			24.0
Various Cincinnati Bell Telephone notes (1)		96.4			97.5
Paniolo Fiber Assets Financing Arrangement		21.8			22.3
Digital Access Ohio Advance		0.9			—
Other financing arrangements		—			0.4
Finance lease liabilities		43.1			42.3
		1,699.1			1,478.6
Net unamortized discount		(4.3	)		(4.9	)
Unamortized note issuance costs		(38.8	)		(44.8	)
Long-term debt, less current portion		1,656.0			1,428.9
Total debt	$	1,701.0		$	1,448.6

(1)

As of December 31, 2022, the net carrying amounts of the 7 1/4% Notes due 2023 and Various Cincinnati Bell Telephone notes included unamortized fair value adjustments related to the Merger of $0.5 million and $8.5 million, respectively. As of December 31, 2021, the net carrying amounts of the 7 1/4% Notes due 2023 and Various Cincinnati Bell Telephone notes included unamortized fair value adjustments related to the Merger of $1.7 million and $9.6 million, respectively. Each adjustment is being amortized over the life of the respective notes and is recorded as a reduction of interest expense.

Debt Maturity Schedule

The following table summarizes our annual principal maturities of debt and other financing arrangements for the five years subsequent to December 31, 2022, and thereafter:


				Other
				financing
(dollars in millions)	Debt			arrangements
Year ended December 31,
2023	$	34.3		$	0.3
2024		198.9			—
2025		12.0			—
2026		255.3			—
2027		11.5			—
Thereafter		1,169.8			—
		1,681.8			0.3
Net unamortized discount		(4.3	)		—
Unamortized note issuance costs		(38.8	)		—
Total debt	$	1,638.7		$	0.3

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details